Doda-EMA MetaTrader Indicator
Here is a MetTarder indicator developed by me based on Exponential Moving Average (EMA). This indicator gives buy, sell and exit signals based on following rules.
The rules are simple.
Buy : When EMA7 > EMA14 and EMA7 > EMA21 and EMA14> EMA21
Sell: When EMA21 > EMA7 and EMA21 > EMA14 and EMA14 > EMA7
Also, shows lines on chart on gives signals.
Shows no. of pips passed in bracket after giving signal.
Works on all currency pairs and time frames.
Always use stop-loss based on your risk-profile or by another indicator like Parabolic SAR.
Cut your losses small & ride the profit long.
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November 12, 2010